FINRA

Respondent Kai failed to respond to FINRA request for information.

Letter

Bar (Permanent)

all capacities

Indefinite

9/12/2017

Pursuant to FINRA Rule 9552(h) and in accordance with FINRA's Notice of Suspension and Suspension from Association letters dated June 9, 2017 and July 3, 2017 respectively, on September 12, 2017, Kai is barred from association with any FINRA member in all capacities. Respondent failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in all capacities.

First Allied

Discharged

RR violated numerous firm policies, including communications with the public, undisclosed private securities transaction and outside business activity, borrowing funds from a client, and exercising discretion in client brokerage accounts without the firm's approval. RR is alleged to have received client funds under the false pretense of investing the funds for the client without any apparent account opened under the client's name.

First Allied

Discharged

RR violated numerous firm policies, including communications with the public, undisclosed private securities transaction and outside business activity, borrowing funds from a client, and exercising discretion in client brokerage accounts without the firm's approval. RR is alleged to have received client funds under the false pretense of investing the funds for the client without any apparent account opened under the client's name.

COMMONWEALTH FINANCIAL NETWORK

Permitted to Resign

REPRESENTATIVE'S USAGE OF SOCIAL MEDIA WAS IN VIOLATION OF FIRM POLICY DESIGNED TO ENSURE FIRM COMPLIANCE WITH FINRA RULE 2210B1(A).

CUSTOMER ALLEGES THAT ACCOUNT WAS UNSUITABLY RISKY.

$37,000.00

$20,000.00

I WAS ARRESTED AND CHARGED WITH TWO COUNTS OF VIOLATION OF SECTION 487.1 OF THE PENAL CODE, FOR WILLFULLY AND UNLAWFULLY TAKING MONEY AND PERSONAL PROPERTY OF A VALUE EXCEEDING $400, TO WIT, MERCHANDISE THE PROPERTY OF WEINSTOCK'S, FELONY CHARGES.

BOTH CHARGES WERE REDUCED TO MISDEMEANORS. I PLED NOLO CONTENDERE TO THE OFFENSE OF 484PC OR PETTY THEFT FOR COUNT I, AND WAS SENTENCED TO 3 YEARS PROBATION AND ASSESSED FINE TOTALLING $1067.50. COUNT II WAS DISMISSED.